HYPE Could Slide to $60 Before Any ICE Approval, as Analysts Doubt the Upbit Pump

Three Things to Know South Korea's two largest exchanges listed HYPE this week, yet the token kept sliding. HYPE has lost its 50-day average, and momentum gauges still favor sellers. The 200-day line just below price now stands as the last floor before a deeper drop. Hyperliquid's token got the kind of exposure most projects chase: won trading on Upbit and Bithumb. Fresh Korean demand did not stop the selling, and HYPE stayed pinned near weekly lows. The timing hurts. The rally sparked by ICE's futures plan has fully unwound, whales have sold, and ETF flows turned negative. Traders now face one question. Can the longer uptrend hold while everyone waits on a CFTC decision that has no date?

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